3/4 Rangers Road Neutral Bay, NSW

Sold on 4 Aug 2015

Lower North Shore Investment

- New 7 year lease from May 2014 plus further 2 x 5 year options
- Chinaman Dumpling" Restaurant with new high quality fitout and approved outdoor seating
- Solid tenant with business owner and head chef having long history of successful restaurant operations
- 122 sqm retail space within development completed in 2010
- Established location moments from Military Road in large
affluent catchment area
- High amount of foot traffic, Woolworths Neutral Bay Village
and car parking station opposite
- Rare opportunity to purchase in this tightly held retail precinct
- Attractive 4% fixed annual rent increases
- Net Income: $$152,460pa + GST